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10 Loom User and Company Facts and Statistics

10 Loom User and Company Facts and Statistics

Loom started its journey in 2015, but its path was never easier. It was about to die, and two weeks before its end, a small light of hope began to show far in the tunnel.

Since that day, Loom has increased massively. It gained lots of attention, especially in 2020, because of the period that brought the whole world together.

The blog post covers some of the Loom stats taken from resources around the web.

Top Loom statistics

  • Loom has over 21 million users as of 2023.
  • Loom was valued at $1.53 billion in 2021.
  • Over 350,000 businesses use Loom.
  • Rippling used Loom to raise $250 million.

Over 21 million users

Loom User Base from 2015 to 2023
Loom User Base from 2015 to 2023

Over 21 million users use Loom to host videos. It started from zero customers to 13,000 in 2015 and reached 1.8 million in 2020.

During the pandemic, over 10 million users joined Loom, making the total number crossing 20 million.

Its customer base has stayed steady for the past couple of years. In 2023, it had over 20 million users.

Over 100 million videos hosted

Loom Free has a limit of 25 videos per account, but in total, over 150 million videos have been hosted on Loom.

Over 350,000 companies

Over 350,000 companies use Loom, including Twitter, HubSpot, Netflix, Olympus, and LinkedIn. The number has increased from 120,000 in 2021.

The initial title was Openvid

Its first name was Openvid. The name was changed to Loom on 16 Jan 2017. Shahed Khan, the co-founder of Loom, even posted Openvid on Product Hunt with its mission.

It was not even an async video hosting platform. It was just a simple video-sharing service to share videos and get feedback from viewers.

About $1.53 billion value in 2021

Loom Valuation in 2016, 2020, and 2021
Loom Valuation in 2016, 2020, and 2021

In May 2021, Loom’s valuation was $1.53 billion. This is a massive jump from only $4.25 million in 2016. Its valuation in 2020 was $325 million.

One of the best Chrome extensions of 2021

Best Chrome Extensions 2021
Best Chrome Extensions 2021

Among Mote, Wordtune, Forest, and Stylus, Loom was one of the 13 favorite Chrome extensions in 2021, according to Google Blog.

160 staff members

Loom has over 160 employees, and out of those 160, around 110 were remote employees in 2021, working in different regions.

This made Loom one of the best medium-sized businesses for remote work in 2021 (Qz stats).

$35 million in revenue

Loom Revenue 2019 to 2021
Loom Revenue 2019 to 2021

Loom’s total revenue in 2021 was $35 million, jumping from $10 million in 2020. This is an increase of 350%. Its revenue in 2019 was about $750,000.

The estimated 2022 revenue is $41 million. The numbers are yet to be announced by the company.

Rippling used Loom to raise 250 million in funds

Parker Conrad, the founder of Rippling, used Loom to pitch to investors and land a whopping $250 million in funds at a valuation of $6.5 billion.

Conrad created a 13-page demo and a 39-minute walkthrough video in Loom and sent them to the investors.

Over 100,000 app downloads

Loom’s main focus is desktop, but its Android app has over 500,000 downloads with an average used-based rating of 3.6. It also has thousands of downloads on the iOS Store with a rating of 4.7.

Related: Google Calendar vs. Outlook Calendar

Over 10 million monthly visits

According to SimilarWeb, 10 million users visit the Loom website. This data includes websites, mobile apps, and videos hosted on Loom.

Other stats

Here are some other Loom stats:

  • Between 10,000 and 100,000 people search for Loom on Google every month in the US.
  • The interest in Loom jumped from around 10 in Feb 2020 to over 70 in March 2020.
  • About 70% of the employees are aged 25 and 34.
  • 75% of the employees working in Loom are native English speakers.
  • Loom was among the top 100 cloud services on the Forbes list in 2021.
  • In 2023, Loom customers recorded 77 million videos.

Sources

Summary

Loom has grown massively. A startup with zero following to over 21 million users in 6 years is a milestone. It has raised millions to improve products and user experience, and it’s still growing to help millions of others.

Thank you for reading this Loom statistics report. If anything is missing, please send a message to my email at madhsudhan(@)mksguide.com, and I’ll add it to the list.